§ 3-410. Quorum of directors

Latest version.

(a) State banks. -- A majority of the directors of a State bank then serving is a quorum.

(b) Trust companies. -- The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.

HISTORY: CA § 6-126, 6-147; 1980, ch. 33, § 2.

                    
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